Although Christmas Eve is just a day away, the crypto market shows no signs of recovery as Bitcoin, the flagship crypto asset, has failed to stay above $100,000.
Despite the approaching Christmas Eve, crypto prices continue to show a muted reaction from investors – a time when most crypto assets have historically risen, reaching new all-time highs and adding to the festive mood.
Bitcoin (BTC), which hit a new all-time high of over $108,000 just six days ago, has struggled to reclaim the $100,000 mark over the past three days. The flagship cryptocurrency has fallen 8.3% over the past week and is trading at $95,904 per coin. Other high-cap coins have also been observed in a similarly subdued state.
Ethereum (ETH) is down 15.6% in the last 7 days and is currently trading at $3,339. Meanwhile, XRP, which is linked to Ripple, also saw a notable 7.8% decline over the same period and is now trading at $2.2.
Meanwhile, the leading meme coin by market cap, Dogecoin (DOGE), has plunged over 21% in the past week, with its price currently hovering around $0.316. Additionally, Solana (SOL) has fallen below the $200 mark, plunging 16% to a current price of $184.
The weekly crypto charts of other leading crypto assets are also in the red, with the broader market still down 14% from its all-time high of $3.9 trillion and currently at $3.41 trillion, according to data from CoinGecko lies.
Looking at these charts, it appears that investors have decided to take early profits on their investments before Christmas Eve.
Despite a significant sell-off last week, the crypto market may not…
